Core Viewpoint - DWS has announced the transformation of an ETF to track the CSI A500 Index, marking a significant step in the internationalization of China's capital markets [1][2]. Group 1: Investment Opportunity - The CSI A500 Index is characterized by balanced industry distribution, diversified weightings, and broad coverage, showcasing strong financial fundamentals and ESG performance among its constituent stocks [2][3]. - The index is currently valued at a relatively low historical range, providing a safety margin for investors [2]. - The constituent stocks are expected to benefit from national policy dividends related to new productive forces, aligning with two major investment themes: the rise of new industries and cyclical recovery [2]. Group 2: Market Context - DWS believes that positive factors are accumulating in the Chinese economy, supported by a "more proactive" fiscal policy and a "moderately loose" monetary policy, which bolster market confidence [3]. - The Chinese economy is showing signs of recovery and stability, with new growth drivers being cultivated, indicating a potential turning point in the earnings cycle of A-share companies [3]. - The overall liquidity in the market remains ample, creating a favorable environment for value and long-term investments [3]. Group 3: Index Ecosystem - Since its launch, the CSI A500 Index has developed a rich investment ecosystem in the domestic market, with various fund products tracking the index reaching nearly 250 billion RMB by September 2025 [2]. - The collaboration between DWS and Harvest Global Investments aims to promote the internationalization of the index and extend its influence globally, providing international investors with an efficient channel to allocate Chinese core assets [2].